On January 22, there were rumors that
Jiang Shuying went to the headquarters of Shenwan Hongyuan Group,
Her snowball exploded.
The news once rushed to the hot search
In this regard, a relevant person from Shenwan Hongyuan said,
The screenshot of the online transmission is false news.
It is rumored on the Internet that Jiang Shuying's "snowball burst"?
On January 22, the three major A-share indexes collectively pulled back, as of the close, the Shanghai Composite Index fell 2.68% to 2756.34 points, the Shenzhen Component Index fell 3.5%, and the ChiNext Index fell 2.83%, and rumors about the snowball liquidation flooded the market.
It is understood that "snowball" is a synonym for a type of option structure, and the duration is usually 1-2 years. According to the China Securities Quotation, all investments in Xueqiu products are professional investors, including bank wealth management, private equity funds and other products and institutional investors. The risks it faces are mainly market risks, knock-in during the duration of the product does not mean a loss, and the final profit or loss depends on the market conditions at the time of maturity of the product.
Guotai Junan Securities Research Report pointed out that the snowball option is a kind of obstacle option, the contract stipulates the knock-in price, when the underlying price falls below the knock-in price, the investor may bear the actual loss of the target, and the contract-linked target is mainly based on the stock index.
Sui Dong, a researcher in the research department of a fund sales company, said for example, that customers currently hold a classic bullish snowball with a maturity of 12 months, linked to the CSI 500 Index, a knock-in and knock-out price of 80%/103%, and a coupon of 15% annualized. When the snowball does not knock in during the operation period and knocks out on the observation day, the customer will receive an annualized coupon of 15%, when the snowball is knocked in during the operation period and then knocked out on the observation day, the customer will also receive an annualized coupon of 15%, when the snowball has never been knocked in or knocked out during the operation period, the customer will receive an annualized coupon of 15% after the expiration of the product; when the snowball has been knocked in and has not triggered the knock-out before the expiration of the product, the product decline is the decline of the underlying asset.
"Snowball is most suitable for customers who have been tracking the underlying asset for a long time and have a certain judgment on the bottom of the price, or customers who have held the underlying asset for a long time but have little room for upside in the future. Sui Dong said that from the perspective of extreme conditions, customers most hope that the asset price fluctuation will be 0 after buying the snowball, so that the customer will definitely get coupon income after the product expires. Therefore, when the price of the underlying asset itself is too high and the volatility has a tendency to amplify, investors should not invest a large amount of money to subscribe to snowball products.
"Some investors will snowball products as a quasi-fixed income product to configure, in fact, it is absolutely undesirable, snowball as a complex financial derivatives, ordinary investors are difficult to thoroughly understand its natural leverage attributes, risk-return consideration, etc., individual investors need to be cautious about the 'pseudo fixed income' snowball products. Sui Dong said that during the market shock or rise, snowball products may be able to bring part of the profit calculated by "annualized return", but when the market falls and the snowball knocks in, investors face losses calculated by "absolute return".
Previously, there has been a screenshot of an investor buying a snowball product that triggered a knock-in and lost 2 million yuan in principal and all coupons. Today, a rumor that Jiang Shuying's snowball exploded and went to Shenwan Hongyuan's headquarters spread rapidly.
Some media called the office of Shenwan Hongyuan Group, and a staff member said that it was verified to be untrue news. Some netizens said that the pictures posted on the Internet were filming because there was a camera next to them. It's true that the picture isn't our company. The above-mentioned staff member said.
In response to the recent liquidation of any customers knocking into the snowball product, the above-mentioned staff of Shenwan Hongyuan said that because it involves customer privacy, it cannot be disclosed.
Source: Guangzhou Daily is synthesized from Orange Persimmon Interactive Metropolis Express, China Fund News, Zhongxin Jingwei, Yicai, Sina Weibo
Producer|Yu Yingbo
Editor|Liang Jing